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questions after his speech. let's listen in. >> japan, of course, is the first modern economy to be trapped at the zero bound. interest rates close to zero. their experience foreshadowed the global financial crisis of 2008. the japanese had a stock market booming bust and a property boom and bust together which was roughly double the size, proportionally speaking, to the united states. it was a major shock to the economy. they have responded to it to a variety of tools. i think a couple things that we learned from watching their experience and troubles and difficulties they have been through and to that i would point to that we have tried to learn from them, the first is, aggressiveness, early aggressiveness of monetary policy. what we learned from japan is we learned from the 1930s. once you have a deflation, prices dropping, prices and wages are dropping, they can be very very hard to get out of that. there is a lot of downward pressure on the economy. we were very aggressive early on in the united states to avoid deflation and we have maintained inflation close to our 2% target which is
. if you don't believe me, look at the numbers that just came out in the growth of our economy. 1.3% verses russia at 4%. china at 7% to 8%. we're at 1.3%. this is unacceptable. it is not working. i know what it takes to get us working. he's put us on a road to europe. europe doesn't work in europe. i want to get us back to being america where people come here, build enterprises here. we fulfill american dreams. we keep the hope alive in america. [ cheers and applause ] and this matters. you know this matters. this counts. it counts for the 23 million people struggling to get a job, getting a better job today. it counts for the young peoe. today we wonder whether that's true. the majority of americans don't think that's the case. this matters. there's one more sense in which it matters. that's what i began with, and that is our military capability. our ability to defend our liberty and the liberty of our friends around the world, with whom we trade and with whom we trade and whose prosperity depends on our trade. i was in poland and got the chance to meet a hero. i came in and he said, mr.
out enough in debt, and enough taxes we have made changes that grows this economy, and that is why i am running for the united states senate. to change the want leadership in washington. we can change that. that is why i am running for the senate. i want to pass a balanced budget. i am not your usual politician. i'm not one of the good old boys pay ed i will make this tough decisions in the united states senate. i will roll up my sleeves, work hard for you, and i will fight for you. >> now the opening statement from bob kerrey. >> thank you. i love nebraska. i always have and i always will. i was born here in lincoln. i left nebraska and went to war and came home, and i recovered from illness in the lincoln. i started a business that employed more than 700 people. i served as your governor, balancing our budget, and i left after four years and went back to business. i served as your son that -- as your senator, and again we balance our budget. i am a candidate for congress for the senate because congress needs to change, and i will fight to make that happen. i have never had and neve
taxes will help grow the economy? >> no. >> ryan's expression back there when he looks over at portman, kind of intriguing. it would be curious what a thought bubble would be going on over there. but it's a little bit of a change for romney. he had often been accusing the president of raising taxes or citing increases, i thinking about the health care law, et cetera. a romney adviser put out a memo yesterday explaining how capital gains are taxed. as they say, if you're explaining how capital gains are taxed, not just calling for different ways of lowering them, if you're simile having to explain it, you're losing. romney has also tried to make china a boogeyman and he did it again in ohio yesterday. >> that when people cheat, that kills jobs. china has cheated. i will not allow that to continue. [ cheers and applause ] >> this is one issue where romney has tried to go on the offense with china since he got on the campaign and frafrmgly the obama campaign has been on the defensive about it which is why when obama is in ohio today he's going to make the amount about ohio. he filed trade
's economy is dead flat, teetering on recession. 10-year high for unemployment and france puts in place huge tax increases. bill: i'm reading the two measures bringing around half a billion euros. >> that's it. >> what will that do for them? >> not much. there are other taxes as well which will bring in a total they think of 20 billion euros. bill: higher tax rates on dividends? >> dividends, capital gains, dividends, profits, reinvestment of capital, interest you name it. bill: here is a query for you. are they cutting spending at all? >> by about $10 billion euros. $20 billion worth of tax increases. $10 billion worth of spending cuts gives you a 30 billion euro reduction they think in the budget deficit. bill: well on the spending cuts, how much resistance was there? >> there is going to be a lot of resistance. in france there is really a cradle to grave security system and the state is at the very center of the economy. when the state starts cutting into to spending, cutting down on spending, there will be some resistance and it will be seen on the streets. bill: do you expect the wealth
18,000 jobs in the sector. that is where the economy is being structured these days. 10,000 jobs in construction. manufacturing, 4000 jobs. melissa: we were looking at 113, does that make that same life? i just want to remind everyone that is not a good number. >> finding the list that the government number includes state and local layoffs. i don't think that adp number includes that. when you look at those two numbers since january, you will see a defeat for 172,000 jobs a month where it is about 150,000. it has to be above 200,000 to keep up with population growth. again, 8.2% we are looking at coming in for friday. lori: full employment around 4%? nobody talks about that anymore. >> we just talk about the jobless rate. lori: the temperature is going down, find your heating costs going way up? the impact the winter will have on the economy. melissa: take a look at metals had with those who break. gold trading up. copper, basically what. we will be right back. ♪ you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier
: the message of the day was not only that he can fix the economy, it's that he can feel it. >> there are so many in our country that are hurting right now. i want to help them. i know what it takes to get an economy going again and creating jobs. >> reporter: the straight from the heart appeal is echoed in a new ad that shows romney looking directly into the camera. >> president obama and i both care about poor and middle class families. the difference is my policies will make things better for them. >> reporter: translation, pay no attention to the man in that hidden camera video. >> the 47% who are with him, who are dependent on government very much -- >> reporter: but for romney when it rains it pours. his two-day under steady showers has a feel of a race against time. a new poll quinnipiac finds romney trailing the president by ten points in ohio, nine points in florida and 12 in pennsylvania. an abc "the washington post" poll may explain why. 54% said they had an unfavorable view of romney's comments on voters who don't pay taxes. romney told cnn he's not worried about the numbers. >>
hunt at the u.n.. martha: take a look at the u.s. economy this morning. there is a new report that has some not very good news on this. families are seeing a lot less money in their paychecks according to this new report. it finds the median household income fell by 1.1% to under $51,000 last month. you take a look at the chart on this since 2009 and it is not a pretty picture. it is a significant drop since the president came into office. stuart varney joins me now. he is the host of "varney & company" on the fox business network. stuart, good morning. that's a tough chart. >> yes, it is a tough chart. it paints a picture of real distress in middle america. buying power down, our standard of living falling and hardship, hardship right there in the middle of america is actually give gettingous. -- getting worse. let me give you key number. from the start of the obama administration the median household income in america has fallen, repeat, fallen, down around $4,000. we've not seen this kind of decline over a long period of time, three, four years, we have not seen this before. if you
trying to explain why he is pumping even more money into the economy. connell: the supreme court back to work today. whether your cell phone data is protected under the fourth amendment. judge andrew napolitano coming up. dagen: costing apple billionths. connell: let's start with nicole petallides. nicole: looking pretty good here today. we see the dow is up more than 1%. the s&p up nearly 1%. the text -- tech heavy nasdaq up. this was after three months of contraction. that was some good news there. another thing helping things along -- the dollar is lower, the euro is higher. you are seeing just about every name in the dow with an up arrow. i want you to take a book here at macy's. they will higher 80,000 for the seasonal. kohls, amazon, toys "r" us, just to name a few. dagen: host chris wallace had a little trouble getting information from vice presidential candidate paul ryan on his tax plan. >> it is lower by 2013. >> how much does it cost? >> it is revenue neutral. [ talking over each other ] >> we will get to that. >> let me just tell you. it would take me too long to go throug
the fallout of the crisis threatens the u.s. economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't take it any more. the new conservative-led co
congressional district. >> to texas politicians, each touted as the future of their parties, debated the economy, immigration, and other issues at the "texas tribune" festival in austin. julian castro is the mayor of saying antonio and was the keynote speaker at the republican convention. tedthis is one hour. >> i think you know the drill today. i hope you will enjoy as many of those as you can. if you have phones and you're agram,ing to tweet or instr we ask you to turn off your phones. please give our sponsors a hand. [applause] we will visit for about 40 minutes. when we get started, there are phones on either i'll. we ask that of that the microphone at the appropriate -- we ask that you line up at the microphone at the program time than july 31, 2012 began with the announcement that julian caster would be the keynote speaker at the democratic national convention. the footsteps of several. before mayor castro had uttered the words menudo " gulf, speculation began. -- menudo cookoff, speculation began. july 31 was a port from which the future of texas and possibly the nation was visible. mayor
a red flag for the economy. we'll talk more about the transports and what they're telling us at 6:40. we'll also focus on the economy with the man who is charged with officially calling recessions and the end of those recessions. james poterba will be here at 7:30. and our corporate story of the morning, smartphones and mobile devices. apple launches the new iphone 5 in 22 more countries today and this comes after blackberry posted better than expected quarterly results after the bell last night. still, it is an uphill climb for this company. we'll be talking to research in motion ceo. and plus we will welcome today's political news maker, senator rand paul, one of the nation's best known tea party members. and by the way, in case you went to sleep early last night, the official nfl refs were back on the field. get this, they got a standing ovation as they took the field. the ravens beating the browns 23-16. we will have more on the game and on what's happening in sports at 6:20 eastern time. first andrew has the morning's top business headlines. >>> on the global markets agenda, results
defense and national security to the economy which has been his primary message. the campaign has been flooding reporters with numbers and he mentioned them today, suggesting that sequestration cuts would effectively have an impact on 168,000 jobs, costing 168,000 jobs in the state. he said 136,000, 68,000 among small businesses specifically. and he was here with people in this critical battleground who he said have been to battle before. these are people in the military community, a lot of veterans here at american legion hall where he was speaking that he hopes will support his message of american strength through strength and not through weakness militarily. >> i have been a little puzzled by the campaign's posture on this because it was a republican and democratic agreement, the automatic triggers for these automatic cuts from sequestration if they didn't agree to a budget deal, and they didn't agree to a budget deal so this was something that the president and john boehner agreed to, reluctantly. i'm not clear on how mitt romney separates himself from his republican colleagues on
system? >> i think that is an important question, especially for our economy. i want to point out one thing. she posed for sequestration and now says it will not happen. can you imagine that kind of leadership? she goes for the fiscal cliff and now she says it will not happen. let's talk about education. this is the problem i see. we have a department of education in washington. they have 3500 employees that make over $100,000 a year. they are dictating to the school district how to do their jobs. i think that is a shame and it is wrong. i am not talking about closing down the department of education. i have never said that and never will. can we reduce the size of that department of education and get that money down to the school district? i believe the best education for children in nevada comes between parents, teachers, and principles. -- principals. those are who should be making the decisions. >> if i could quickly comment. my opponent mentioned my vote on sequestration. just a few questions ago, he said he voted to end medicare by turning it over to private insurance companies
:30. and it could move the market, especially a big build in inventory finding a very slow economy and we're also going to get a ten o'clock new home sales numbers and normally they do not directly affect the market and we'll see coming up at ten o'clock this morning and you will have the numbers. the opening bell has stopped, it's stopped ringing and now they're actually trading and we're expecting a modest, actually, we're expecting a flat market to start with. flat to slightly lower, because of what's happening in europe, mayhem over there, especially in spain and that does not bowed well for america's stock market. we should see. we're dead flat in the half minute's worth of business. perhaps we were hasty when we put the blackberry maker rim, adding they added 2 million subscribers, nicole, i want a stock price. >> am i included in the "we"? i didn't have them on death watch, you may remember. stuart: you're right. >> the death music came on, hold on, what happened yesterday. went up 5% because they added subscribers and 3.3%, and up to 80 million subscribers. stuart: i got it. now, tell me
of the economy in all three states. 51% of polled voters say the president would do the better job. >> okay, let's go back to the last slide, guys. and mark halperin, let's talk to you. i know you agree with me that the media is liberal. guess what? republicans have somehow managed to win despite that media liberal bias. you've said it repeatedly on this show. so despite that fact, mitt romney is not getting crushed in all three of these states because of the liberal media bias. what's happening there, and why is he losing so badly, especially in ohio? >> well, it's very unlikely the president will win those states by those margins, but these numbers are not out of line dramatically with private polling and some other public polling. i think the biggest problem right now remains him. he's not driving a consistent message. the president does -- says something, the republicans get all excited about it. they treat it like a gaffe. they'll talk about it for a day. and then they'll move on to something else. the biggest danger to me right now for the republican party are two things. one is that you l
economy needs to be reinvigorated. >> but not all the numbers paint a gloomy picture. the labor department announced it undercounted nearly 400,000 jobs in 2011 meaning that 4.4 million jobs have been created since the president's inauguration. slightly more than the number lost in that same period. but the president said there's still measuring work to do. >> we're not where we need to be. not yet. we've got a lot more folks who have to get back to work. we've got a lot more work to do to make the middle class secure again. but the question is, who's plan is better for you? >> an obama win in republican-leaning virginia could deal romney a crushing blow. the president won here four years ago becoming the first democrat to do so since lyndon johnson. but in the state the military vote is not the only game in town. football fans are everywhere. so it's no surprise a reporter asked romney about the deal to end the dispute between the nfl and its referees. a question romney appeared to fumble. >> what do you think about the nfl refs? >> i sure hope they do. >> well, the refs will be back and
of terrorism. while some romney advisers argue they should keep their focus on the economy, politico says plans are in the works for mitt romney to deliver a major foreign policy speech shortly after wednesday's debate. what do you think of that? you think he should do that? >> yes. i think, as i said, right after the killing, that wasn't the time to talk about this. >> right. >> now is the time, several weeks later, to talk about it. john heilemann, the lead in "the new york times," mistake in faith and security seen at libya mission before benghazi raid. response to the june bomb raised confidence in local guards. this benghazi story is an absolute mess. i think -- i've heard stuart stevens as saying let's focus on the economy. i think stuart stevens is exactly right. americans don't care as much in the polls about foreign policy. but several weeks later after this, i think it's very legitimate now that the press is going in and a couple of weeks have passed since the ambassador's death, now, yes. i mean, he's got a responsibility to talk about how badly the white house bungled this. >> i thi
elsewhere. he was not focused enough on the economy. his attention had been on things like a government takeover of health care and apologizing for america abroad." in our fact check that day, we quoted what obama had said in overseas trips, including an assertion that at times the u.s. had acted contrary to its own ideals or had been selective in where it sought to promote democracy. it had sometimes shown an arrogance toward allies. we pointed out that when he made those kinds of statements that suggested the u.s. is not completely above reproach, he usually balance it with praise for things the country had done right. all that -- that is in a long tradition of presidents acknowledging past imperfections. these cannot by any normal dictionaries amount to apologies. either formal or informal. again, last month, when romney accepted his party's nomination, he repeated the assertion that obama had begun his presidency with an apology tour, and obama had confessed the u.s. had "dictated to other nations." that fact check story went into greater detail, pointing out that obama's trips to e
at a military acted any many pennsylvania romney hammered away at the president over the economy. >> i have to tell you that i don't know how a single person who goes to this institution could consider voting for the incumbent for president. i say that for this reason. if they want to go in the military, why, he is planning on cutting our military by about $1 trillion over the next decade. if they want to go on to either get a job directly or go on to a four-year college and come out with a gee, you know that 50% of kids coming out of college today can't find a job or a college level job. on both fronts, this president's policies have not worked for the young people of america. >> their first debate happens on wednesday. the romney team is downplaying expectations. romney advisor beth myers distributes this memo explaining why the president is probably going to do better. she says that president obama is one of the most talented political communicateors in modern history. this will be his eighth one-on-one presidential debate and romney's first. the president will use his ample rhetorical g
double-digit percentages. then, the splits. the market versus the economy. the u.s. falling into recession pits again. our investors and for a stock surprise? mike holland thinks so. he is the chairman of holland and company. he is spending the last hour with us. you think there is a stock surprise that is a good one coming up? >> yes. i think if you had to characterize my years doing what i am doing, it is as a survivor. you have to be prepared for surprises in both directions. whenever we talk about you and i, that things can happen, we just heard three people talking about that. the things can happen, as well. ted weisberg is so smart. so good to listen to. his comments about what is going on, i think, are always -- liz: i love teddy. he has been well funneled and it is kind of obvious, it is the government trade, the central bank trade. >> i was shocked to not hear him say that. bernanke said a few years ago we have a problem. it would not be solved by the people in congress or in the white house. he actually said, this is not a deep secret, he can get the stock market a
nation is more than $16 trillion in the red. that is a massive bubble that threatens our entire economy. how do the candidates handle this tomorrow night? let's ask chris stirewalt our fox news digital politics editor and host of power play on foxnews.com live, and stewart varney is the host of varney & company on the fox business network. thank you so much for being here. chris i want to start with you. what can either candidate say to grab, you know, america by the lapel and make them understand what each one of them wants to do to change our financial dire straits? >> it's a heck after lot easier for mitt romney on this one since he is the outsider and hasn't been in office and wasn't part of make thag debt and president obama has over seen in fact the unprecedented increase in size of the federal debt, and as a matter of fact in talking to senior people from romney land that is exactly what mitt romney means to do when he gets on that debate stage in denver, is go off the president not just on what romney says are ineffectual policies like the president's healthcare law and stimulus
less bullish if you will on the economy and on hiring than they were just six months ago. as of right now, only about 29% of these ceo's see adding jobs. meanwhile 34% of them say they see headcount declining over the next six months. the reason here is uncertainty facing us. we talk about the fiscal cliff. of course that is where they see, we see higher taxes which are currently going to come in the new year. mandated spending cuts part of deal struck a year ago by congress and really lack of confidence among ceos that congress can solve the growing national debt problem. they're seeing less growth going forward. they're expecting not only to cut jobs but they don't see spending as much either on capital expenses. in fact they see spending less than they did a few months ago. the ceo of boeing, jim mcinerney, saying quote, the uncertainty is cold water on long-term planning. they're looking for clarity. in fact he went on to say, some ceos say they would not necessarily be uncomfortable with new taxes if they just knew what they were going to be. it is incertainty on taxes and regula
banks. this from the third quarter of 2010 shows a much different economy. back to you. melissa: interesting. thank you so much for the six a headline that generated all kinds of surprises. apple apologizing for it map app. the ceo tim cook says the company is doing everything it can to make maps better. you can use alternatives by downloading maps. what? melissa: that is crazy. that is like we have a problem with our signal, please go over to our competitor. lori: silence, i think says more. dennis: remember when they had the intended debacle. not admitting anything was wrong with it and people were getting more and more frustrated. lori: that is a good point. i think charlie gasparino is standing by with his latest report. inc. of america, i guess this is more interesting to charlie, at least. the bank with a 3.5 million in charges. bank of america says this is not an admission of guilt. the settlement was reached to eliminate the uncertainties. melissa: the latest news from bank of america that pain is still being felt from the collapse of 2008. charlie gasparino is first to
to do the things necessary to get the budget in order and then spur the economy and start job creation. >>shepard: enormous challenges ahead. thank you. >> cyber attackers are hitting more american banks. wells fargo was a target this time. is a foreign government behind the attacks in is your money safe? we will get into the details on those fronts. new violence in europe's economic crisis. more open latest rounds of riots across europe. the situation is pretty dire. the scene is not pretty. we will get to that next. copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. romney: "it's time to stand up to the cheaters" vo: tough on china? not mitt romney.
Search Results 0 to 35 of about 36 (some duplicates have been removed)

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